Kinetic Deal Shows 'Junk' Energy Waning

By

Prabha Natarajan

October 20, 2011

Kinetic Concepts Inc. is slated to complete its sale of $3.85 billion in bonds and loans by Friday.

But it wasn't easy.

The road to completion for the offering, which finances the company's leveraged buyout led by Apax Partners LP, was rocky. The company and its bankers sliced the overall size of the deal from $5.15 billion and then...